8-K 1 cwa05bc2_8k0510.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2005 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2005-BC2) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. []Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) []Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) []Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) []Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: October 25, 2005 CWA By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated October 25, 2005 Payment Date: 10/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A1 ~~234~~211,~~983~~164,~~610~~861.8064 34.~~660000~~030000% 1113,~~822~~677,~~069~~206.0703 ~~740~~685,~~590~~523.0126 1214,~~562~~362,~~659~~729.0829 0.00 0.00 1A2 5852,~~745~~791,~~902~~215.7041 34.~~710000~~080000% 23,~~955~~419,~~517~~301.2751 ~~187~~173,~~676~~507.8413 3,~~143~~592,~~194~~808.1163 0.00 0.00 2A1 ~~144~~112,~~583~~086,~~737~~337.2564 3.~~550000~~920000% 1217,~~121~~792,~~530~~788.6919 ~~441~~353,~~984~~943.4575 1218,~~563~~146,~~515~~731.1493 0.00 0.00 2A2 80,140,000.00 34.~~660000~~030000% 0.00 ~~252~~260,~~574~~165.5761 ~~252~~260,~~574~~165.5761 0.00 0.00 2A3 31,915,000.00 34.~~780000~~150000% 0.00 ~~103~~106,~~883~~693.3362 ~~103~~106,~~883~~693.3362 0.00 0.00 M1 25,500,000.00 34.~~890000~~260000% 0.00 8587,~~417~~507.9250 8587,~~417~~507.9250 0.00 0.00 M2 23,625,000.00 34.~~910000~~280000% 0.00 7981,~~544~~453.0675 7981,~~544~~453.0675 0.00 0.00 M3 13,875,000.00 34.~~950000~~320000% 0.00 4748,~~194~~285.2700 4748,~~194~~285.2700 0.00 0.00 M4 12,750,000.00 4.~~070000~~440000% 0.00 4445,~~685~~602.2150 4445,~~685~~602.2150 0.00 0.00 M5 11,625,000.00 4.~~100000~~470000% 0.00 41,~~042~~859.7169 41,~~042~~859.7169 0.00 0.00 M6 10,875,000.00 4.~~140000~~510000% 0.00 3839,~~769~~509.3848 3839,~~769~~509.3848 0.00 0.00 M7 9,750,000.00 45.~~710000~~080000% 0.00 39,~~544~~899.3817 39,~~544~~899.3817 0.00 0.00 M8 6,750,000.00 45.~~810000~~180000% 0.00 2728,~~958~~166.1325 2728,~~958~~166.1325 0.00 0.00 B 7,500,000.00 5.~~210000~~580000% 0.00 33,~~647~~712.9250 33,~~647~~712.9250 0.00 0.00 P 100.00 0.000000% 0.00 ~~528~~724,~~725~~759.5814 ~~528~~724,~~725~~759.5814 0.00 0.00 C ~~678~~618,~~477~~980,~~442~~196.3464 0.000000% 0.00 024.0096 024.0096 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~672~~610,~~618~~347,~~350~~514.7570 - 2634,~~899~~889,~~117~~295.0372 2,~~693~~750,~~238~~613.74 29 37,~~592~~639,~~355~~909.7701 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~223~~197,~~161~~487,~~541~~655.7362 0.00 1A2 5549,~~790~~371,~~385~~913.4390 0.00 2A1 ~~132~~94,~~462~~293,~~206~~549.5646 0.00 2A2 80,140,000.00 0.00 2A3 31,915,000.00 0.00 M1 25,500,000.00 0.00 M2 23,625,000.00 0.00 M3 13,875,000.00 0.00 M4 12,750,000.00 0.00 M5 11,625,000.00 0.00 M6 10,875,000.00 0.00 M7 9,750,000.00 0.00 M8 6,750,000.00 0.00 B 7,500,000.00 0.00 P 100.00 0.00 C ~~653~~585,~~082~~408,~~869~~668.8679 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~645~~575,~~719~~458,~~233~~218.7298 - --------------------------------------------------------------------------------

Payment Date: 10/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A1 ~~234~~211,~~983~~164,~~610~~861.8064 34.~~660000~~030000% 126673E32 4451.~~138549~~064837 2.~~765046~~559451 ~~833~~737.~~189747~~334437 1A2 5852,~~745~~791,~~902~~215.7041 34.~~710000~~080000% 126673E40 4451.~~138549~~064837 2.~~802820~~591206 ~~833~~737.~~189747~~334437 2A1 ~~144~~112,~~583~~086,~~737~~337.2564 3.~~550000~~920000% 126673E57 6798.~~008655~~359757 21.~~443320~~956625 ~~732~~521.~~260187~~261226 2A2 80,140,000.00 34.~~660000~~030000% 126673E65 0.000000 3.~~151667~~246389 1,000.000000 2A3 31,915,000.00 34.~~780000~~150000% 126673E73 0.000000 3.~~255000~~343056 1,000.000000 M1 25,500,000.00 34.~~890000~~260000% 126673E81 0.000000 3.~~349722~~431667 1,000.000000 M2 23,625,000.00 34.~~910000~~280000% 126673E99 0.000000 3.~~366944~~447778 1,000.000000 M3 13,875,000.00 34.~~950000~~320000% 126673D66 0.000000 3.~~401389~~480000 1,000.000000 M4 12,750,000.00 4.~~070000~~440000% 126673D74 0.000000 3.~~504722~~576667 1,000.000000 M5 11,625,000.00 4.~~100000~~470000% 126673F23 0.000000 3.~~530556~~600833 1,000.000000 M6 10,875,000.00 4.~~140000~~510000% 126673F31 0.000000 3.~~565000~~633056 1,000.000000 M7 9,750,000.00 45.~~710000~~080000% 126673F49 0.000000 4.~~055833~~092222 1,000.000000 M8 6,750,000.00 45.~~810000~~180000% 126673F56 0.000000 4.~~141944~~172778 1,000.000000 B 7,500,000.00 5.~~210000~~580000% 126673F64 0.000000 4.~~486389~~495000 1,000.000000 P 100.00 0.000000% 126673D90 0.000000 57,~~287~~247,~~255~~591.~~800000~~400000 1,000.000000 C ~~678~~618,~~477~~980,~~442~~196.3464 0.000000% 126673D82 0.000000 0.000000 0.000000 Residual AR 0.00 0.000000% 126673E24 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~672~~610,~~618~~347,~~350~~514.7570 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 317,135,777.12 268,272,891.67 585,408,668.79 Loan count 2093 1199 3292 Avg loan rate 7.089506% 6.876163% 6.99 Prepay amount 16,187,415.86 16,934,183.98 33,121,599.84 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 124,289.92 106,039.26 230,329.18 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,501.90 2,140.45 4,642.35 Agg advances N/A N/A N/A Adv this period 114,620.14 99,281.96 213,902.10 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 7,840.39 0.00 7,840.39 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 7,999,998.76 7,000,001.24 15,000,000.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 610,347,514.70 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 0 0.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 0 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 37,639,909.01 37,639,909.01 Principal remittance amount 34,889,295.72 34,889,295.72 Interest remittance amount 2,750,613.29 2,750,613.29

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